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Oil prices rose more than $1 per barrel on Tuesday on supply worries and on hopes jumping as much as $3.15 to a high of $113.90 before easing back to trade around $112.25 by 1250 GMT, on course for a rise of more than 4 percent in January. U.S. March
Brent crude inched above $111 a barrel on Tuesday, on track for its first rise in two months, as concerns over supply from Iran and South Sudan trumped worries about a global economic slowdown that could hit oil demand. Investors are worried about oil
Oil rose in Asia today as traders reacted to better than expected economic data from Japan, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in March, gained 54 cents to $ 99.32 a barrel in morning trade. Brent North
Brent crude fell on Monday as investors cautiously eyed a European Union summit for a resolution to the region's debt crisis, but prices hovered near $111 per barrel on concerns over supply from Iran and South Sudan. EU leaders are expected to sign off
Oil prices were lower in Asian trade on Monday as the market awaited the outcome of a European Union summit on containing the eurozone debt crisis, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in March, shed 29
Oil prices could rise as high as $150 a barrel because of the European Union ban on imports of Iranian crude, the country's deputy oil minister was quoted as saying by the official IRNA news agency on Sunday. "Although a precise prediction cannot be made
U.S. crude oil steadied above $99 a barrel on Monday, supported by the shutdown of oil production in South Sudan and concerns that OPEC member Iran could soon halt its exports. <p>For more on this <a target="_blank"
The price of crude oil was ticking higher Friday morning as traders await cues from today's economic data, including first read of fourth quarter GDP estimates. Light Sweet Crude Oil (WTI) futures for March delivery, edged up $0.25 to $99.95 a barrel.
Crude oil prices continued recent small-change increases, with crude still challenging the $100/bbl barrier in the New York market. However, the front-month natural gas contract fell 4%, ending that rally, as traders responded to bearish projections of
After a two-day winning streak, U.S. crude oil futures closed modestly lower on Friday on a weak dollar and some disappointing economic data from the U.S. showing that the economy grew by less-than-expected in the fourth quarter. Light Sweet Crude Oil
The Standard & Poor’s GSCI Spot Index of 24 raw materials climbed 0.4 percent to close at 661.51 at 4 p.m. in New York, led by natural gas and precious metals. The UBS Bloomberg CMCI index of 26 prices gained 0.6 percent to 1,597.396. NATURAL GAS Natural
Crude oil rose for a second day on Thursday in New York on speculation that Federal Reserve plans to keep US interest rates near a record low will bolster investor demand for commodities. Futures advanced as much as 0.9% after the Fed's announcement sent
U.S. crude futures held steady close to $100 in early Asian trade on Friday as supply threats escalated after Iran said it may stop oil exports to the European Union, pre-empting an embargo by the zone to ban purchases from July 1. U.S. crude rose 4
Oil prices fell on Wednesday following news of a bigger-than-expected jump in US crude inventories, traders said. New York's main contract, West Texas Intermediate crude for delivery in March, dropped 23 cents to $98.72 a barrel. Brent North Sea crude
U.S. crude futures rose in early Asian trade on Thursday, extending gains after the U.S. Federal Reserve said it aimed to keep interest rates low for much longer than previously planned to help speed economic recovery in the country. Front-month U.S.
Crude oil prices bounced yesterday amid reports that Canada will begin shipping oil sands output to China after the US stonewalled the Keystone XL pipeline project to transport supply to the Gulf Coast. Canada is the US' largest overseas crude oil
Crude-oil futures were lower Wednesday, as oil demand worries amid mixed economic news and data from Europe and the U.S. outweigh current supply threats in the Middle East and South Sudan. <p>For more on this <a target="_blank"
Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will boost crude oil output at the company's first major pre-salt field in March, a company official said Tuesday. A fourth production well will come onstream at the Lula
Oil swung between gains and losses in New York as Iran criticized a European embargo on its crude exports without repeating threats to disrupt shipping in the Persian Gulf. Futures rose as much as 0.6 percent before dropping 0.7 percent. While a
Canadian oil production will increase by 23 per cent within four years, increasing pressure on outlets to markets south of the border, according to Colorado-based Bentek Energy. Canadian crude production is expected to rise by 763,000 barrels per day by
The American Petroleum Institute reported late Tuesday that crude-oil supplies climbed by 7.3 million barrels for the week ended Jan. 20. Gasoline inventories fell by 573,000 barrels, while distillate inventories dropped 2.5 million barrels, the trade
Crude oil futures climbed for the first time in four days Monday, as the European Union agreed to ban crude imports from Iran. On the New York Mercantile Exchange, light sweet crude futures for March settlement traded at USD99.86 a barrel during mid U.S.
The Standard & Poor’s GSCI gauge of 24 commodities slid 0.2 percent to 657.81 at 5:48 p.m. Singapore time. The UBS Bloomberg CMCI index of 26 raw materials was little changed at 1,581.084. CRUDE OIL Oil traded near $100 a barrel in New York on concern
Oil prices were down Jan. 20, with front-month crude hovering below $100/bbl in the New York market, but natural gas futures managed a small increase. “The past week’s moves remain relatively subdued. It would appear as though speculators remain unsure
Oil extended gains after Dutch Foreign Minister Uri Rosenthal said European Union foreign ministers adopted sanctions that will ban imports of crude and oil products from Iran as of July 1. Brent oil for March settlement gained as much as 92 cents, or